Many Inventors trying to get their product ideas selling are totally crushed by rejection. So, I thought I gives you a list of some of this reasons you could obtain gotten terminated. It does not cover every reason you can get rejected, but hopefully plans and ideas something to think about.
You need to realize that inventing is fundamentally a numbers gameplay! Yes, you still need to enjoy a good idea but you will find that it doesn’t matter how good an insurance policy you may think it is that you could still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that they reject an understanding that they agree could be profitable. Listed below are some common the logic behind why even marketable ideas are rejected.
1. A lot more claims may already have a full-line of services not wanting to add more.
2. Product or service is outside their target market.
3. You sent your submission towards the wrong person in the company – don’t assume they’ll automatically send it to the right one.
4. You sent premise unsolicited without contacting firm first recognize their submission policy, plus they also rejected it solely on that basis.
5. You did not have proper contact information on your division. (That is one of the actual mistakes Inventors make. The machines will not bother to you up.)
6. They have too many similar products and that marketplace is flooded enough.
7. Your idea interests a very small niche market and desire mass market items.
8. Value to manufacture versus the return on investment is just too high.
9. Revenue sheet did not WOW them and lacked consumer benefits information or was overloaded with significantly information to sort through.
10. Your product has already been patented by someone else and don’t want to see if they are around it or risk infringement issues.
11. Goods or idea isn’t much better than what is already on the market. This tells them you didn’t research your idea perfectly well and do not need a clue who the competitors is in the industry.
12. You sent a service or product that is strictly like their current product and that current technique are a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or is on the downswing when what will be coming out the year after.
14. They already have a better solution than yours in the works for https://stonefoldager92.wordpress.com release that coming annualy. (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. Transpires a significant. Inventors forget that they are not the sole ones inventing.)
15. They have received to correct idea from another Inventor and are developed in negotiations with that Inventor.
16. A person posted your idea unprotected online in a of those invention posting sites where others vote on your product to see if there is interest. Your public disclosure makes the concerned whether any patent protection would eventually be allowed and turns it down derived from that give.
17. You posted your unprotected idea and video of the running prototype on youtube and possess a significant quantity of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated need an issued patent, but when they perform quick search on your patent they make it a point it has lapsed thanks to non-payment of fees and it’s been lapsed significantly past the due date. Making the chances of it being reinstated unlikely.
19. You’ve got patent, and it was poorly written and doesn’t cover far more product. (This happens a lot)
20. It is easy to design patent and designing around your patent is a simple task, meaning that they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t from outside ideas for inventions and does not publicize i’m not sure. So you get a rejection letter, but it doesn’t explain they don’t really look right out of the company.
22. You sent them your product but they have decided about their line for the year or go with the following year and are not open to taking on anything else at period.
23. Simply consider items with a sales history they can review and then your item has never been in production or sold stores or online. So do n’t need to take the risk of being the first company advertising it.
As I stated above these are just a few for this reasons abdominal muscles your idea/product rejected along with a company. Really take time to on your own and understand your market, your place in that market and homework part to make yourself as marketable as we possibly can.